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Peer to Peer Lending News Roundup – May 11, 2013

by Peter Renton on May 11, 2013

During the week I share the latest p2p lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Google Glass And Lending Club Signal Changes At Google from Forbes – More about Google than Lending Club but an interesting read nonetheless.

This Week’s Podcast with Peter Renton from Lend Academy from Money Q&A – Hank Coleman interviews me as well as Scott Sanborn from Lending Club for his Your Money Your Choices podcast.

P2P Lending Surpassed $2B In Loan Origination from Investing.com – Discussion of the growth in p2p lending as well as the recent Google & Lending Club deal.

New safeguards add extra security for peer-to-peer lending schemes from Herald Scotland (UK) – Analysis of the new Zopa guarantee program for their lenders.

P2P Lending Sites: An Exhaustive Review from LendingMemo – An in depth look at the most popular US p2p lending sites.

Lending Club – April 2013 Update from Write Your Own Reality – Monthly update from this successful p2p lending investor.

A New Way to Get Small Business Loans From Neighbors from Businessweek – A look at Funding Community, a new small business lender based in New York. I will be covering this company on the blog next week.

Prosper Responds to Google’s Investment in Lending Club from LendingMemo – An excellent wide ranging interview with the new Prosper president Aaron Vermut.

Do small business loans generate significant returns? from Endurance Lending Network – Discussion of the returns and the default rates in small business lending.

Peer-To-Peer Lending Stake: How Google Sealed Its Market Lead from Seeking Alpha – A look at what the deal with Lending Club means for Google.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

(Re)Leveling the playing field … – Very popular discussion about ideas for leveling the playing field between retail and institutional investors.

Regulatory Challenges for p2p – What future challenges might be coming for p2p lending?

Do you consider $35,000 a red flag? – Are the largest loans to be avoided asks this investor.

{ 4 comments… read them below or add one }

writing2reality May 11, 2013 at 8:10 am

Thanks for the mention Peter, enjoy your weekend!

Reply

Hank May 11, 2013 at 8:53 am

Thanks for the mention, Peter, and for being on the podcast. It was great!

Reply

Jack May 11, 2013 at 1:33 pm

Peter,

Simon’s research for P2P sites is slighlty flawed. There are a host of equity based and crowdfunded sites like Realty Mogul,Fundrise, SoMoLend and Endurance Lending Network that were mentioned on your site previously.

In addition, the site below has a more in depth listing of equity based sites then Lending Memo uncovered.

http://directory.crowdfundinsider.com/?country=United+States&type=Equity-based+portal

There are a bevy of other P2P sites that people can get intersted in and make some money. I think it should be mentioned………………..

Thanks, Jack

Reply

Peter Renton May 11, 2013 at 2:26 pm

If you use a broader definition of p2p lending then you are dead right there are many (dozens) more companies that could be included. But Simon has done a great job of covering the main sites in the consumer p2p lending space.

Reply

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